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News Update


Assays from Allegiant Gold's Nevada Property Indicate Further Drilling Warranted
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This asset has emerged, from one of Allegiant's six targets in the state, as being prospective.

Allegiant Gold Ltd. (AUAU:TSX.V; AUXXF:OTCQX) reported in a news release that all 21 reverse circulation holes drilled at its Adaluria Hill project in Nevada demonstrated "hydrothermal alteration and anomalous gold," suggesting further drilling is warranted.

Returned gold grades ranged from 0.02–0.09 grams per ton (0.02–0.09 g/t). Of the 21 holes, 18 contained at least 1.5 meters of gold exceeding 0.1 g/t.

Therefore, at Adaluria Hill, part of the company's Eastside project, Allegiant plans geophysical work, including controlled-source electromagnetics and audiofrequency magnetotellurics and ground magnetics, to find buried structures that then will direct future drilling.

Adaluria Hill was one of the six targets Allegiant recently drilled to determine which offered the greatest prospects for a discovery. Based on the results, the company will drop Red Hills, Hughes Canyon and Silver Dome. It will hold Adaluria Hill and conduct additional drilling at North Brown. Allegiant is still reviewing the last target, Monitor Hills.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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